BlueCrest Capital Management LLP, Michael Platt’s $32 billion hedge-fund firm, has a potential conflict of interest over a fund that it runs for the benefit of its partners, according to a report by one of the world’s largest advisers to institutional investors.
Google Inc. is adding to its range of artificial intelligence with the acquisition of DeepMind Technologies Ltd., a London-based startup founded by former chess prodigy and neuroscientist Demis Hassabis.
Brevan Howard Asset Management LLP, the U.K. unit of Europe’s largest closely held hedge-fund firm, paid its partners as much as 60.4 million pounds ($99 million) for the year through March, according to a corporate filing.
JPMorgan Chase & Co., the largest U.S. bank, is poised to more than double the value of its investment in London Metal Exchange shares bought seven months ago from the U.K. unit of bankrupt MF Global Holdings Ltd.
The Savoy, the five-star London hotel once frequented by Winston Churchill, Marilyn Monroe and Claude Monet, would be at risk of breaching terms of bank loans if operating results don’t improve, according to the company.
Armajaro Trading Group Ltd., a London-based supplier of sugar, cocoa and coffee, reported a loss of $10.3 million for the year ended Sept. 30 as operating profit plunged, according to a filing to U.K. Companies House.
Armajaro Holdings Ltd., founded by Anthony Ward and Richard Gower, agreed to sell its soft commodities trading unit to Ecom Agroindustrial Corp., the world’s second-biggest coffee and third-largest cocoa trader.